Jefferies Financial Group Inc. Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Jefferies Financial Group Inc. purchased a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,253 shares of the company's stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ULS. Quarry LP bought a new stake in shares of UL Solutions during the fourth quarter worth $32,000. PNC Financial Services Group Inc. raised its stake in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after acquiring an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV acquired a new position in shares of UL Solutions during the fourth quarter worth approximately $163,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of UL Solutions during the fourth quarter valued at approximately $201,000.

Analyst Ratings Changes

ULS has been the subject of a number of research reports. Citigroup reiterated a "neutral" rating and issued a $71.00 price objective (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Wells Fargo & Company increased their price target on shares of UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their target price on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Raymond James boosted their price objective on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. lifted their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, UL Solutions presently has a consensus rating of "Hold" and a consensus target price of $69.43.

Insider Activity

In other UL Solutions news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares in the company, valued at $3,162,194.16. The trade was a 12.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alberto Uggetti sold 1,961 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $649,950. The trade was a 17.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 over the last three months. Insiders own 1.20% of the company's stock.

UL Solutions Stock Down 0.1%

Shares of NYSE:ULS traded down $0.07 during midday trading on Monday, hitting $72.69. The stock had a trading volume of 510,547 shares, compared to its average volume of 768,159. The company has a market cap of $14.55 billion and a P/E ratio of 44.87. UL Solutions Inc. has a 12 month low of $36.87 and a 12 month high of $72.80. The business's 50-day simple moving average is $58.04 and its 200-day simple moving average is $54.32. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The company had revenue of $705.00 million for the quarter, compared to analysts' expectations of $704.19 million. The firm's revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.